HP, C2FO Announce Expanded Early Payment Program For Diverse Suppliers
October, 29 2021 |
The C2FO Team
Kansas City, USA (Oct. 28, 2021) — HP announced an expanded early payment program in partnership with C2FO, the world’s largest platform for working capital, that will provide broad access to funding for the company’s diverse suppliers, which include women-owned, veteran-owned, small disadvantaged, minority-owned and HUBZone businesses.
“Studies from the Federal Reserve and others have found that diverse businesses face greater difficulty in accessing credit, creating short-term cash flow challenges. We will bridge this gap by providing inexpensive access to capital for diverse partners that have been denied equal access historically.
This program will allow accelerated payment of invoices to diverse suppliers, providing more immediate and beneficial cash flow to eligible businesses. Improved cash flow will free up resources for suppliers’ business objectives, like capital for sustained business growth. It is designed to be simple and easy to navigate – made possible by C2FO’s unified, secure platform, and therefore, will not require complex onboarding or an overload of paperwork. It’s yet another way HP is supporting diverse suppliers by offering additional tools to help them succeed, prosper and grow,” HP’s release states.
To read more about HP’s Early Payment Program, click here.
C2FO is the world’s largest platform for working capital. We serve over one million businesses representing $10.5 trillion in annual sales across more than 180 countries. Our online platform connects more than $110 billion of daily accounts payable and accounts receivable. Whether you need working capital or have excess working capital, Name Your Rate®, and the C2FO platform will match your request in seconds. You can accelerate or extend AP or AR on demand, providing you, your customers and your suppliers greater control over cash flow. You can also utilize AR financing and other data-driven funding options.
C2FO is working capital, working for everyone. Our mission is to deliver a future where every company in the world has the capital needed to grow. To learn more, visit C2FO.com.